Here's a quick introduction to using a cheap FTDI FT2232H based module (left-hand side on the photo) as a JTAG programmer together with the OpenOCD JTAG software for ARM and MIPS devices. The module I am using for thіs purpose is a DLP Design DLP-USB1232H, which is available from various sources (Digikey, Mouser, Saelig, and probably others) for 20-30 bucks plus shipping, depending on where you live.

By properly connecting the correct pins of the DLP-USB1232H to the target JTAG
device (I used an Olimex STM32-H103 eval board for testing) you can easily abuse the DLP-USB1232H as JTAG programmer. As I chose the proper DLP-USB1232H GPIOs for the TRST and (S)RST pins, OpenOCD even worked out of the box, without having to change a single line of code.

The only thing that's required is to provide OpenOCD with an interface config file that uses the usbjtag "layout". I have already submitted that config file upstream, I guess it should be merged soonish.

This flashes the given fancyblink.bin image onto the STM32-H103 eval board via the DLP-USB1232H JTAG programmer, where fancyblink.bin is an example program from my libopenstm32 project (that aims to create a full-blown firmware library for ST STM32 microcontrollers, similar to what avr-libc does for AVRs). Contributions for libopenstm32 (license is GPLv3 or later) are highly welcome btw., hint hint...

Full schematics, datasheets, and detailed instructions for the JTAG programmer are available from a small page I created in my Random Projects wiki, which is intended for the various smaller projects I'm working on that don't warrant getting their own domain, wiki, etc: